Mortgage and Financial News From 2007-8-28 Page 15

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  • Mortgage approvals dip

    Reuters UK - ... year earlier to 66,965, but said their value rose 12 percent on the year and left last month's rise in net underlying mortgage ... The Bank of England had been widely expected to raise rates again before the year is out to curb inflation over the medium ...
    2007-08-28 09:08:00

  • Florida Association of Realtors' report

    Miami Herald - With positive economic conditions such as low mortgage interest rates and job growth continuing in Florida, statewide sales of existing single-family homes totaled 11,674 in July and were closer to activity in July 2001 and 2002 -- before the housing ...
    2007-08-27 12:55:00

  • Forex - Wachovia Expects Further Declines On Rising Mortgage Rates []

    RTT News - 8/27/2007 10:38:21 AM Wachovia economist Adam York commented that existing homes fell in July. York noted that they expect further declines in coming months on rising mortgage rates and tighter lending standards. York remarked that sales fell for the ...
    2007-08-27 01:48:00

  • Families filthy on John Howard

    News.com.au - STRUGGLING families are ready to take a bat to John Howard over rising interest rates and believe the Coalition has "lost touch" with the public, according to Labor Party polling. After five mortgage rate rises since the 2004 election, swinging ...
    2007-08-28 01:16:00

  • Nationwide swallows rival Portman

    BBC News - Because we haven't got any shareholders - we've only got our members - we do everything we can to offer better average savings rates and cheaper mortgage rates," he said. "As a large organisation, and being more efficient, we will be looking to do ...
    2007-08-28 11:03:00

  • Ukrainian News Agency

    Ukrainian News - In July 2006, UNMA observed a rising tendency in mortgage rates offered by banks. UNMA was set up in June 2002 by investment, law and realtor companies. Please contact the Marketing and Sales Department and subscribe to receive the full version of ...
    2007-08-28 09:44:00

  • We're spared US crisis: NAB chief John Stewart

    News.com.au - But the credit squeeze did not necessarily mean banks would respond by pushing up mortgage rates in Australia, he said. "Right now it's having next-to-no effect on the big banks other than we borrow a lot wholesale," Mr Stewart told reporters later. ...
    2007-08-28 08:18:00

  • Forget plan to roll debt into home mortgage

    Tacoma News Tribune - Others have tightened their requirements on borrowers and bumped up interest rates. Mortgage debt and credit cards have become closely linked in recent years as interest rates hit post-war lows, and consumers were barraged with offers to use their ...
    2007-08-28 08:04:00

  • Homeowners struggle with reality of higher rates

    International Herald Tribune - ... mortgages were lent in 2005 and 2006, while $779.13 billion of interest-only adjustable-rate mortgages were issued in that period, according to a survey from the Mortgage Bankers Association. Many of these loans offered low "teaser" interest rates ...
    2007-08-28 10:55:00

  • BOJ to Raise Interest Rates Gradually, Minutes Show (Update1) (Bloomberg.com)

    Aug. 28 (Bloomberg) -- The Bank of Japan will raise interest rates gradually based on developments in the economy and prices, minutes released today show.
    2007-08-28 01:05:07

  • Should Fed cut rates or leave them alone? (Asbury Park Press)

    Stock market investors have grown more worried about the mortgage mess, fearing a credit crunch will hurt the ability of businesses and would-be home buyers to borrow.
    2007-08-28 08:42:36

  • BOJ to Raise Interest Rates Gradually, Minutes Show (Update2) (Bloomberg.com)

    Aug. 28 (Bloomberg) -- The Bank of Japan will raise interest rates gradually based on developments in the economy and prices, July meeting minutes released today show.
    2007-08-28 02:50:01

  • Homeowners struggle with reality of higher rates (International Herald Tribune)

    An increasing number of American homeowners and prospective homeowners are getting caught up in the fast-spreading mortgage crisis.
    2007-08-28 11:23:59

  • Strong demand for Indonesia bonds, rates seen down (Reuters via Yahoo! Asia News)

    JAKARTA, Aug 28 (Reuters) - Indonesia raised 9.5 trillion rupiah ($1.01 billion) in bond sales on Tuesday, well above target, amid expectations local interest rates can still fall despite the spillover impact of U.S. subprime mortgage woes.
    2007-08-28 10:01:06

  • Rates on the rise for subprime mortgage borrowers (Reuters.co.uk)

    LONDON (Reuters) - Subprime mortgage borrowers are facing a sharp rise in rates as credit market turbulence adds to pressure on funding costs, lenders and brokers say, reviving fears of increased arrears and repossessions.
    2007-08-28 07:13:44

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